TaxProf Blog

Editor: Paul L. Caron
Pepperdine University School of Law

Tuesday, February 23, 2010

President Obama's Health Care Tax Increases

The tax centerpiece of President Obama's $950 billion health care plan are (1) increasing the Medicare tax by 0.9% for those with incomes over $200,000 (single) and $250,000 (joint), and (2) extending the 2.9% Medicare tax on wages to investment income (interest, dividends, capital gains, etc.) on those "wealthy" taxpayers:

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Tracked on Feb 23, 2010 5:57:41 AM


“I can make a firm pledge," he said. "Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” Barak Obama, Sept. 12, 2009

Posted by: hs321 | Mar 22, 2010 6:32:28 AM